Page 60 - RusRPTJul21

was at a lower level than a year earlier and totaled $24.6bn. In contrast to the trend of previous years, the contribution of the banking sector to the indicator dynamics was relatively small. Transactions of other sectors, related both to the reduction of liabilities to non-residents and to the increase of investments in financial assets abroad, became decisive.
International reserves of the economy increased by $12.7bn as a result of transactions of foreign currency purchases under the fiscal rule and within the framework of reserve asset management transactions.
Aggregates
Current account
Trade balance
Balance on financial transactions of the private sector Change in reserve assets*
January-May 2021 (estimate)
35.8 49.6 24.6 12.7
January-May 2020
28.6 44.2 32.3 -2.5
60 RUSSIA Country Report July 2021
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